The Accounts Payable (A/P) administrator (or manager) are accountable for the day-to-day administration of the accounting department of the business. The staff they manage could include accountants, clerks and bookkeepers. They are responsible for the timeliness and accuracy of payments and processes. They also are responsible for making sure that they are in compliance with federal and state government regulations. Sometimes, they act as a liaison with external vendors, communicating with them and responding to their queries.Managers of accounts payable prepare annual reports and also monthly, weekly, and daily analyses and reconciles. They might have to address any discrepancies that exist. They collaborate closely with departments of purchasing, management, as well as the departments of accounting they supervise. They usually operate in a workplace during a typical Monday to Friday working week, with normal working hours. However, they may be required to work longer hours during accounting peak times like the end of the year and tax season.Accounts payable administrators can work in a variety of sectors: They could work in both the private and public sector, in all areas of government, and also in large and small private businesses. Most companies require a minimum of a bachelor's degree in finance, accounting, business or another related field to become an accounts payable manager. A minimum of five years of experience is usually also needed. In addition to that accountants payable require a solid foundation and knowledge about accounting principles, a high ability in spreadsheet software, and exceptional communication skills, both in writing as well as written.

The role of Accounts Payable (A/P) Administrator in the United Kingdom is projected to experience steady growth in the market. Over the past 10 years, this job role has witnessed a consistent increase in demand and is anticipated to continue its upward trajectory. According to Google's recent data, the A/P Administrator position is expected to see a rise in employment opportunities in the foreseeable future. Navigating through various sources, it is evident that this job role is in high demand, offering individuals a promising career path within the finance and accounting industry.

How to Learn

As an Accounts Payable A/P Administrator with 9+ years of experience in the United Kingdom, your main responsibilities include:<ul><li> Managing and processing invoices: Ensuring accuracy, proper coding, and timely payment of all invoices received from vendors and suppliers.</li><li> Conducting financial analysis: Reviewing and analyzing financial data to identify discrepancies, resolve issues, and ensure compliance with company policies and procedures.</li><li> Vendor management: Maintaining relationships with vendors, negotiating payment terms, and addressing any vendor queries or concerns.</li><li> Month-end closing activities: Assisting in the preparation of financial reports, reconciling accounts, and participating in the month-end closing process to ensure accurate financial statements.</li></ul>

Roles & Responsibilities

Average take home Salary for a Accounts Payable (A/P) Administrator in United Kingdom is around £39239 per year

Salary Breakup

The Accounts Payable (A/P) administrator (or manager) are accountable for the day-to-day administration of the accounting department of the business. The staff they manage could include bookkeepers and accountants. They are responsible for the timeliness and accuracy of payments and processes. They also are responsible for making sure that they are in compliance with federal and government regulations of the state. Sometimes, they act as a liaison with external vendors, communicating with them and addressing their queries.

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Accounts Payable (A/P) Administrator

Salary Breakup

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